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IBM FINAL EXAM QUESTIONS & ANSWERS
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IBM FINAL EXAM QUESTIONS & ANSWERS
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IBM FINAL EXAM QUESTIONS & ANSWERS6,7,9,10, 12 - Answers -296 297 299 306 307 312 chapter 12
The most advantaged nations today possess ______________, maximized when
numerous industries collectively _____________ and the nation itself has comparative
advantages that benefit those particular industries - Answers -national competitive
advantage, firm-level competitive advantages
At both the firm and national levels, competitive advantage and technological advances
grow out of __________ - Answers -innovation
monopolistic advantage - Answers -valuable resource that a company holds and
leverages to generate profits, and which few other firms have. ) According to this theory,
companies that internationalize through FDI are more likely to succeed if they own or
control certain advantages that foreign competitors do not generally possess (a degree
of monopoly power).
Comparative Advantage (Country-Specific Advantage) - Answers -describes superior
features of a country that provide unique benefits in global competition, typically derived
from either natural endowment or deliberate national policies.
Competitive Advantage (Firm-Specific Advantage) - Answers -organizational assets and
competencies that are difficult for competitors to imitate and thus help firms enter and
succeed in foreign markets.
International Collaborative Ventures - Answers -A collaborative venture is a form of
cooperation between two or more firms
joint ventures - Answers -the formation of a new legal entity;
Since 1947, ___________ and later
the ________ have achieved much success in fostering economic integration on a
global scale. - Answers -the General Agreement on Tariffs and Trade (GATT), WTO
Internationalization - Answers -takes place in incremental stages over a long time:
Typically, firms start without much analysis or planning and begin to export, the simplest
form of international activity, and progress to FDI, the most
complex.
strategic alliances - Answers -which firms partner temporarily to work on projects
Nationalization - Answers -government seizure of an entire industry, with or without
compensation
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